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20121222
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Search Results 0 to 17 of about 18
FOX News
Dec 27, 2012 6:00am PST
between 40 and $65,000 a year will have to pay an extra two grand to the government. gregg: coming up we'll talk with republican nick mulvaney whose house budget committee is obviously on the forefront of the fiscal talk. so we'll try to get the latest from him in just a moment. patti ann: meanwhile, gregg, we have new warnings from the treasury department that if a fiscal deal isn't reached our government will have to turn to extraordinary measures when the debt limit hits its ceiling. $16.4 trillion probably on monday. fox business network's stuart varney joins us now. hi, stu. you say this is the big story people aren't talking about? >> it is a sleeper issue, patti ann. on monday the government officially runs out of money and it can not borrow anymore. so it will have to shift all kind of cash around to make sure they can pay their bills and maybe they can do that for a couple of months. means you can kick the can, eight weeks be maybe, until the absolute crunch comes. there are consequences to this. it could be that america will be downgraded again. after all back in august of 2011
FOX News
Dec 26, 2012 4:00pm PST
the syrian government from attacks its own men, women and children. and human rights group reporting the regime shelled a bakery and a rebel held town killing 20 people, including at least 8 children. we cannot independently confirm this, of course. meanwhile, russian officials say they are set to meet with the united nations special envoy to syria this weekend. russia has repeatedly blocked the united nations from taking action against the syrian government but has recently taken steps to distance itself from the syrian regime. egypt's president mohammed morsi portion of voters opposed the enough constitution. he is calling for dialogue now to address the divisions that has polarized the nation and led to mass protests. still he had nothing concrete to offer his opponents. new document passed in a referendum with nearly 64% of the vote. critics say it restricts freedom and expands the influence of islamic law. president morsi and supporters says moderate democratic state in fighting depression, dictatorship, nepotism and corruption. the holiday shopping season is drawing to a close
FOX News
Dec 27, 2012 8:00am PST
a archaic 1947 law, unless the new bill is passed by december 31st, the government will be forced to buy vast quantities of milk at twice the wholesale rate. two bills are in congress. the senate passed one for $23 billion in savings. the house is looking to enact 35 billion. the sticking point the full house of representatives hasn't approved the bill. >> the farm bill is like this low hanging ornament on the congressional christmas tree that if they just embrace it, they can automatically come up with tens of billions of dollars in budget savings. and then they can figure out where else they need to cut spending after that. >> reporter: the secretary of agriculture tom vilsack has said his department is preparing a case the permanent law comes into effect. temporary solution is to attach a farm bill extension to the fiscal cliff legislation. harris? harris: is there anything besides milk we need to be aware of? are we looking potentially at higher prices among many farming commodities for example? >> reporter: yeah. it is not just the cows. it is the crops too. it is possibility the go
CNBC
Dec 27, 2012 6:00am EST
fiscal cliff deal. meantime, treasury warns the government will hit its legal borrowing limit by monday. it's thursday, december 27th, 2012 and "squawk box" begins right now. >>> good morning and welcome to "squawk box" here on cnbc. i'm andrew ross sorkin along with joe kernen. becky continues to have the day off today. our guest host today is bob broska. house speaker john boehner urging the senate to come up with a passable fiscal cliff solution. he's promising to at least consider any bill that the upper chamber produces. senate majority leader harry reid now expected to base any legislation on a bill passed earlier this year to continue tax breaks for households will incomes below $250,000. a senate bill would likely contain an extension of expiring unemployment benefits. and the other big news of the morning, treasury secretary tim geithner unveiling a plan to buy time under the debt ceiling. in a letter to congress, geithner saying that treasury is going to begin taking steps this week to delay hitting the government's 16$16.4 trillion borrowing limit. treasury will tak
FOX News
Dec 27, 2012 3:00am PST
on the government's pay roll and will be back to school with work. here is the reaction lieutenant cornel tony schafer. when you heard the report that came out around christmas, what did you think? it is an extended montyepython skit. the idea here is that these people are not held accountable . this is but one more layier clayton of regarding the whole benghazi thing . caroline lamb when she testified show felt in the face of four dead americans that the numbers were just right. it indicated that she is incompetent and out of touch with reality. you will not see it happen again. she will not perform to standard. it is inevitable . congress is off when it is time for the holiday. they tried to find out if it was true. they haven't said the judgeds are still on the pay roll can receiving a salary. do these people still have a job? >> i am sure they do. whatever they say you need to look deeper in this case they are moved around and shuffle the chairs. these people took a bullet and they will be protected and if you can't get fired over sevore incompetence what can you get fired over. >> clayton
FOX
Dec 26, 2012 5:00pm PST
the fog is. >>> wasted tax dollars. you'll be surprised where government officials are spending your money. >>> and call it an incentive plan. the unique program being considered by san francisco to save money on health care costs. [ laughter ] [ girl ] wow, you guys have it easy. i wish i had u-verse when i was your age. in my day, we didn't have these fancy wireless receivers. blah blah blah. if i had a sleepover, i couldn't just move the tv into the playroom. no. we had to watch movies in the den because that's where the tv outlet was. and if dad was snoring on the couch, we muscled through it. is she for real? your generation has it made. [ male announcer ] the wireless receiver only from at&t u-verse. get u-verse tv for $29 a month for six months. rethink possible. >>> taxpayer money is paying salaries and bonuses to workers and elected officials who have been suspended and convicted of crimes. that's what our washington bureau reporter macfarlane found after digging into pub records >> reporter: he orchestrated an outrageously wasteful party in vegas on taxpayers dime. 800,000 spent
CNBC
Dec 26, 2012 9:00am EST
, and will be for the economy in 2013. finally, did you see this amusing story? u.s. government is put on a negative watch by china? by china? the credit rating agency in china put them on the u.s. government debt on a negative rating at this point. negative watch. this, of course, was supposedly independent rating agency created in china to try to rival moody's and s&p and fitch's. that's getting interesting play out there. their independence, of course, greatly in question. guys, back to you. >> bob, get a lozenge, will you? >> sorry about that. >> let's head to the pits. good morning, rick. >> good morning, melissa lee. well, no surprise we're still hovering in the 170s in the ten-year. but maybe something interesting. you know, on the floor we call it the growth dividend. if you look at a chart for our ten-year starting on july 26th, and i pick july 26th because that was mario draghi's big day. he said anything it takes. as you look at our rates over that period, then look at the boon rates over that period. you can see that the growth/disparity, our yields are higher in that formation than boon yield
FOX
Dec 27, 2012 7:00am PST
americans from adopting russian children. the government approved the proposed ban in response to a law calling for sanctions against russians who have violated human rights. >>> more information now on the release of 1200 secret files disclosing sexual abuse in the boy scouts. the times published the database of the alleged abusers online after a judge ordered them handed over. we talked to one of the victims josh solomon and he brought his boy scout uniform he wore when he was 12. he said the scout master for his group molested him during camping trips in 82 and 83. >> 30s, veteran, nobody wants to admit they were powerless to stop something like this from happening. >> his abuser served time in prison on molestation charges. we contacted the boy scouts, they apologized to the victims and families saying its response to certainly cases were insufficient, inappropriate or wrong. >> we are kind of getting a break from the rain but you may want to keep umbrella handy. >> and stanford fans counting down the days until the rose bowl. >> here is a look at the bay bridge toll plaza. no
KRON
Dec 27, 2012 7:00am PST
protests-and a government panel will be assembled to look into the crime and suggest ways to approved women's safety. >> south africa's presidency says that former president nelson mandela has been released from the hospital. the 94 year-old had been in the hospital since the beginning of this month. he was diagnosed with a lot of infection and also had a surgery to remove gall stones. a presidential spokesman says that mandela will receive more medical care in his job and spur home until he fully recovers. >> the u.s. department is criticizing a bill passed by russia's parliament to ban americans from adopting russian children. president about the miracle 10 says that he signed the measure. police and says that the ♪ [ female announcer ] no more paper coupons. no more paper lists. [ dog barking ] ♪ no more paper anything. safeway presents just for u. ♪ save more. save easier. saving more, starts now. just for u on the safeway app. >> more on this developing story this morning. one person is dead following an officer of ball issued and walnut creek. will tran joins us live periods in
FOX
Dec 28, 2012 4:00am PST
, hpq with 29,000, even the u.s. government with 31,000 jobs lost. what's going on here? and which stocks do you buy? does it help? > > go ahead. > > andrew's philosophy is - and i am going to speak for him - that he thinks it's a cost- cutting measure and it's good for the stock- > > of course. any time you cut costs, you cut jobs, the stock goes up. look at bank of america. the second thing- > > j.c. penney- > > j.c. penney?! they're going to zero. > > exactly! so that is not going to help their game. > > they have a bad business model. that is why they're going out of the game. > > i believe it is going to help one stock: hewlett-packard. it's a stock that- > > hewlett-packard?! > > -long been forgotten about- > > put it in the basket with dell, j.c. penney- > > put it in the basket with rim and yahoo, which have had big, big jumps. it has value, it's a name, it just needs to reinvent itself- > > what's their product they sell? > round 3) the fiscal fiasco - is this fiscal cliff a real issue for the market jan 1st? > > no. the answer is no. the market doesn't care. this is the m
CNN
Dec 26, 2012 1:00pm PST
to be the police chief accuses the government of carrying out massacres of innocent civilians and he says the military is nothing but armed gangs that kill. he says is he defecting to, quote, join the people's revolution. and the recovery in the housing market remains on pace. home prices rose 4.3% in october over last year, that is it the biggest percentage increase in more than two years. near record low mortgage rates and fewer foreclosures are helping spur sale which is in turn is boosting prices. and the world's longest high speed rail line is up and running and it's in, where else, china. the 1428 mile line spans more than half the country linking the capital of beijing to the southern chinese bloom city. trains will run at 186 miles per hour. >>> and civil rights icon nelson mandela has been discharged from a south africa hospital. 94-year-old former president will continue treatment at his home. he was hospitalized with a lung infection on december 8th. one week later, he had surgery to remove gallstones. i'm sure everyone's pleased to hear that he's doing well. >> thanks so much
KRON
Dec 27, 2012 4:00am PST
. >> government reports on the labour and housing markets, a consumer confidence and manufacture more do throughout the day. >> in bay area headlines the woman accused of killing a grandmother in a drug driving accident at the twin peaks without this matter first court appearance. >> off 23 your old goina eunice is accused of hit and run, trucking driving and vehicular manslaughter. >> the accident occurred three people and killed 56 year-old yuee yao who was here visiting her new grandchild for china. >> the judge said eunices bail at $2 million. if she goes bill she was wearing scram device that check to make sure she does not drink alcohol does not allow to dry. >> surely that in court for rain in the december 31st. >> let us take a live look at the approach to the bay bridge. no one is very had very quiet. vacations continue for a lot of people in the bay area. pretty much no one has schools of traffic is lighter. it is 41 degrees and concord. looking for a high of 52 to >> here is your 7 day around the bay extended forecast. there is rain in the forecast for saturday. we do have a a
KRON
Dec 27, 2012 6:00am PST
. police have arrested 66 man. the rate sparked widespread protests and a government panel will be assembled to look into crime and suggest ways to improve women's safety. >> south africa's president see it says former president nelson mandela has a release from the hospital. the 94 year old had been in the hospital since the beginning of this month. he was diagnosed with lung infection and also had a surgery to remove gall stones. a presidential spokesman says mandela or receive more medical care at his johannesburg, until he fully recovers. newtown connecticut officials are asking the public to stop sending gifts which the small town is struggling to manage. since the slaying of 20 students and six faculty members nearly two weeks ago the town has been the loser would guess from tens of thousands of teddy bears, barbie dolls and soccer balls to flowers, art work and school supplies. officials say they would detail the best ways to help the community after the warehouse full of items are process. >> electronic board of the nasdaq on the right and the opening bell will ring
ABC
Dec 27, 2012 5:00am PST
operations. the extra measures will keep the government from reaching the limit for another two months. >>> weather is the only thing keeping the late steve jobs' yacht from leaving port in a.m. dam. until now it had -- amsterdam. until now it had been impounded by the ship's designer who claim the estate owed him money. the estate paid to resolve that dispute. the yacht will likely stay in port because of weather. the 127 million dollar vessel is headed for california. >>> crab fishermen authority of the bay area will get two more weeks of unwanted vacation. california department of fish and game has moved back the start of the season to january 15th. the season was supposed to begin at start of december for men seen know county and points north. fish -- fish and game says the crab has not yet developed enough meat. >>> 5:17. we want to keep an eye on what is a not storm today, just today. >> we get a break today. >> is that an official weather term, a not storm? >> yes,, okay. >> thanks for pretending along. >> yes, if katie says so, it is to be. is what i was told. good morning, fro
KICU
Dec 26, 2012 11:30pm PST
countries. >>> a south african government spokesperson tonight said former president nelson mandela was released from the hospital this morning. the 94-year-old was sent to the hospital 18 days ago. he was treated for a lung infection and had gull stone surgery. >>> on january 21, president barack obama will be sworn in for his second four year term. however, washington, d.c. officials are expecting much smaller crowds this time around. in 2008, a record 1.8 million visitors made their way to the capitol to participate in inauguration festivities. d.c. officials expect about 800,000 visitors for this inauguration. >>> a surprise christmas delivery. meet the south bay father who had to >>> stockings hung, decorations on the wall, and christmas dinner on the table, when a san jose family received a surprise gift last night. it was dad, not santa delivering this tiny christmas package. >> reporter: it was a gift, they were not expecting this christmas. baby conner. >> i was thinking mid-january. i guess he had his own will. >> reporter: the trouble wasn't that he was early, it was that
KOFY
Dec 26, 2012 9:00pm PST
. >>> with the government right on the edge now of that fiscal cliff, taxpayers are facing a lot of uncertainty as we head into the new year and for many of us the usual year-end financial strategies simply may not apply this year. 7 on your side's michael finney sorts out some of the confusion. >> reporter: when it comes to year end finances the old rules may not add up this year. >> it is difficult to do any type of tax planning and advising because nobody really knows exactly what is going to happen. >> much of the uncertainty centers around whether the united states is about to fall off that a fiscal cliff. if that happens, that would mean the end of the temporary payroll tax cuts. even if that doesn't happen, most believe taxes will go up next year. >> one of the things that is being floated right now is people are advising people to get out of dividend paying funds, high dividend yield funds and move more into tax exempt bonds and things like that that won't be taxed. >> reporter: the current budget negotiations between president obama and house speaker john boehner also could mean the reduction of
FOX
Dec 26, 2012 10:00pm PST
. the tragedy killed more than 280,000 people in 14 countries. >>> a south african government spokesperson tonight said former president nelson mandela was released from the hospital this morning. the 94-year-old was sent to the hospital 18 days ago. he was treated for a lung infection and had gull stone surgery. >>> on january 21, president barack obama will be sworn in for his second four year term. however, washington, d.c. officials are expecting much smaller crowds this time around. in 2008, a record 1.8 million visitors made their way to the capitol to participate in inauguration festivities. d.c. officials expect about 800,000 visitors for this inauguration. >>> a surprise christmas delivery. meet the south bay father who had to jump into action when his baby arrived a lot sooner than expected. >> when we can expect the next round of rain. >>> stockings hung, decorations on the wall, and christmas dinner on the table, when a san jose family received a surprise gift last night. it was dad, not santa delivering this tiny christmas package. >> reporter: it was a gift, they were not exp
FOX
Dec 28, 2012 10:00pm PST
. >> reporter: but if lawmakers don't extend the tax bill it reverts to 1949 law when the government not the market controlled prices and the dairy industry wasn't nearly as efficient as today. under those antiquated formulas a gallon of milk now under $4 most places could rise to $6 even $8 retail. >> you think about the fiscal cliff and they talk about, okay we're going to get a deal done and it might not be perfect. but you definitely don't expect the price of milk to double. >> the risk of this happening is quite slim. >> reporter: experts down play the dairy cliff. >> dairy producers would love to get twice as much for their milk but it ain't going to happen for a few months. >> reporter: because they say the agriculture department would stall it until congress finally acts. >> we're definitely concerned and we keep our eyes on the market. >> but for businesses like benton's dependent on dairy, even the thought of a price hike sends shivers. >> are these going to escalate as well? i'm sure. >> reporter: ice crime lovers joked, that gave them a good reason to eat more now. 1849
Search Results 0 to 17 of about 18